Cheese Market News – What Consumers Need to Know for 2023-09-15

The cheese market is an ever-important commodity for consumers around the world. This week, shifts in milk volumes and additional labor issues in the Northeast are making their mark – here’s the report for the week of 2023-09-15.

A Look at the Cheese Market Nationally

The West has achieved a balanced cheese production with milk supply and cheesemakers operating steady schedules. In the Northeast, heightened demand for milk from Class I processors has caused insights, as well as labor issues persisting in the region’s cheese industry. Concerning the Midwest, milk production is slightly slim, with cheese output fluctuating between processors with various production schedules. In the Northeast and West, retail and food service cheese demand remains steady, but bullish market tones for cheese have waned.

CME Cheese Prices

CME barrel and block prices closed at $1.8100 and $1.8800 respectively on 2023-09-15. The average price for barrels and blocks -- $1.8165 and $1.9010 -- has dropped compared to the week prior. Here are prices for the past five days:

• 2023-09-21 Barrel Cost: $1.5650 | Block (40lb) Cost: $1.7700
• 2023-09-20 Barrel Cost: $1.6100 | Block (40lb) Cost: $1.8000
• 2023-09-19 Barrel Cost: $1.6600 | Block (40lb) Cost: $1.8800
• 2023-09-18 Barrel Cost: $1.7200 | Block (40lb) Cost: $1.8800
• 2023-09-15 Barrel Cost: $1.8100 | Block (40lb) Cost: $1.8800

As always, consumers should remain up to date with industry trends in order to best gauge market fluctuations and purchase accordingly. For more information, follow us on our LinkedIn page to get notified of articles as soon as they come out.